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Trade Profitably Trade on Auto Pilot With:
This EA is the latest thoroughbred in their line of high end automated systems. Beginning with Forex ProfitPro AutoTrader, which automated buy, sell, stop, target and exit order execution. Through to Gomega TraderFX with included a plethora of advanced analysis components with even more push and play technology for deeper market analysis, advance strategies, profit targets and risk management. Now Quantum Research are bringing us Gomega Xray. This expert advisor represents the latest thoroughbred in their line of high end automated expert advisors. From Forex Profit Pro AutoTrader which automated buy, sell, stop, target and exit order execution. Through to Gomega TraderFX array of sophisticated analytical features and even more push button technology and deeper market analysis, advance strategies, profit targets and risk management. Now Quantum Reasearch are bringing us Gomega Xray.
GOmega Xray differs from earlier versions in several distinct ways:
1) Xray is not a get rich quick robot but rather employs a get rich slowly approach. Xray was created to make slow, but steady gains employing a loose stop loss, smaller position size, and higher Reward/Risk ratio. In this way, it’s a bit like buying options. You know your risk and your potential return ahead of time, even though you must wait for the profits to materialize.
2) In addition to a Profit Target, Xray includes a reward to risk calculation.
3) With Xray, your profit goal and reward/risk ratio are built into Xray’s algorithm that calculates position size.
Take a $5,000 account, risking 1% of the balance, 300-pip profit target, R/R ratio 3.5:1 yields an 86-pip stop loss and a position size of .06 lots automatically calculated.
4) Xray calculates the comparative strength of both currencies against all crosses of both currencies in the pair you are trading, and filters values according to this information.
5) Xray measures volatility in two distinct ways, combining standard deviation and average true range into the Market Pulse indicator, to isolate areas of the market where action is heating up and trends may be in motion.
6) Xray distinguishes between "random" market movement and trending movement through its proprietary Randomness Indicator.
7) Automatic scaling out - when a predefined percentage of the profit target is attained, Xray will liquidate 50% of the trade’s position size.
8) Xray has less parameters. Most are limited in range or fixed.
9) Xray can be traded 24/7
10) An optional trailing stop loss is included among Xray’s strategies.
These components when combined make Xray an awesome trading EA
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Tags: Softwares
